Transcend Capital Advisors LLC Grows Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Transcend Capital Advisors LLC lifted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,134 shares of the electronics maker’s stock after purchasing an additional 2,000 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Advanced Energy Industries were worth $1,431,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Advanced Energy Industries during the third quarter worth approximately $48,000. Signaturefd LLC raised its position in Advanced Energy Industries by 52.3% in the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after acquiring an additional 209 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Advanced Energy Industries in the third quarter worth $85,000. Group One Trading L.P. raised its position in Advanced Energy Industries by 26.0% in the third quarter. Group One Trading L.P. now owns 1,106 shares of the electronics maker’s stock worth $114,000 after acquiring an additional 228 shares in the last quarter. Finally, Advisor Partners II LLC raised its position in Advanced Energy Industries by 7.9% in the third quarter. Advisor Partners II LLC now owns 2,012 shares of the electronics maker’s stock worth $207,000 after acquiring an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their price objective on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $115.14.

Advanced Energy Industries Price Performance

Shares of Advanced Energy Industries stock traded up $2.18 during trading on Friday, hitting $95.96. 148,173 shares of the company were exchanged, compared to its average volume of 159,664. The company has a quick ratio of 4.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 3.36 and a beta of 1.55. The firm has a 50 day moving average price of $98.15 and a 200 day moving average price of $99.20.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.10. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. The firm had revenue of $405.27 million during the quarter, compared to the consensus estimate of $407.66 million. On average, equities analysts expect that Advanced Energy Industries, Inc. will post 2.88 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. Advanced Energy Industries’s dividend payout ratio is currently 11.76%.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.